The Central Bank of Nigeria (CBN) has assured citizens that all funds deposited in Nigerian banks remain secure, emphasizing its commitment to a stable financial system.
Freeman Chukwuka Ibekwe – Abuja
Nigerians’ Deposits Are Safe, CBN Declares In Response To Withdrawal Rumors
In a statement on Tuesday, Acting Director of Corporate Communications, Hakama Ali, affirmed CBN’s dedication to ensuring the resilience and reliability of the country’s financial sector, following public concern triggered by rumors of some banks facing license revocation.
This reassurance comes in response to recent concerns on Monday, where rumors circulated advising customers of certain banks to withdraw their funds, claiming that CBN had revoked these banks’ licenses.
The statement said, “The CBN actively ensures that banks adhere to established regulations and best practices to maintain the integrity of our financial system. Regular stress testing is conducted to identify potential vulnerabilities, helping to ensure that our financial institutions are resilient.
“In addition, the CBN has implemented Early Warning Systems that proactively detect and address emerging risks, allowing us to provide timely solutions to any foreseen issues.
“The Bank’s approach to Risk-Based Supervision ensures that it focuses its regulatory efforts on institutions that may pose the highest risk to the financial system. This targeted strategy allows it to maintain a robust oversight mechanism while promoting the overall health of the banking sector.
“This collaboration enhances regulatory coordination and ensures that our banks operate within a safe and sound framework in accordance with banking regulations, both domestically and internationally.
“The CBN remains dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds. It will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system.”
Local News Network
Nigeria's National & Regional Local News Network
- Shallipopi & Burna Boy Bring the “Minister of Enjoyment” Vibes in ‘Laho II’ Videoby BellaNaija.com on 29 April 2025 at 22:34
Shallipopi and Burna Boy groove through stage and street scenes in the new video for ‘Laho II.’ The post Shallipopi & Burna Boy Bring the “Minister of Enjoyment” Vibes in ‘Laho II’ Video appeared first on BellaNaija – Showcasing Africa to the world. Read today!.
- Rumi Carter’s Stage Debut Might Be the Sweetest Moment of Beyoncé’s Cowboy Carter Tour Yetby BellaNaija.com on 29 April 2025 at 22:01
Beyoncé’s Cowboy Carter tour launch gave us a flying convertible, Rumi Carter’s first time on stage, and Blue Ivy in Ugo Mozie’s Benin-inspired look. The post Rumi Carter’s Stage Debut Might Be the Sweetest Moment of Beyoncé’s Cowboy Carter Tour Yet appeared first on BellaNaija – Showcasing Africa to the world. Read today!.
- Zeta Phi Beta Sorority Zora Neal Hurston Scholarship 2023-2024by admin on 29 April 2025 at 21:28
Are you struggling to finance your education by yourself? Scholarships such as Zora Neal Hurston Scholarship can be a great way to offset the costs of tuition, textbooks, and other expenses you may have. While there are many different scholarships available to students with different backgrounds, interests, and academic achievements. In this post, we’ll be … Read more The post Zeta Phi Beta Sorority Zora Neal Hurston Scholarship 2023-2024 appeared first on Naijabulletin.
- Kansas State University Purple And White Scholarship 2023-2024by admin on 29 April 2025 at 20:06
Are you struggling to finance your education by yourself? Scholarships such as Purple And White Scholarship can be a great way to offset the costs of tuition, textbooks, and other expenses you may have. While there are many different scholarships available to students with different backgrounds, interests, and academic achievements. In this post, we’ll be … Read more The post Kansas State University Purple And White Scholarship 2023-2024 appeared first on Naijabulletin.
- University of Jamestown Melvin R. Arnold Scholarship 2023-2024by admin on 29 April 2025 at 19:03
Are you struggling to finance your education by yourself? Scholarships such as Melvin R. Arnold Scholarship can be a great way to offset the costs of tuition, textbooks, and other expenses you may have. While there are many different scholarships available to students with different backgrounds, interests, and academic achievements. In this post, we’ll be … Read more The post University of Jamestown Melvin R. Arnold Scholarship 2023-2024 appeared first on Naijabulletin.
